The AI arm of L&T Lymbyc has acquihired Marketing Automation Tech Startup CanisHub to enhance its pool of tech experts. CanisHub was founded in June 2018 by Piyush M Agarwal, alumni of Nanyang Tech University, Singapore, and Vipul Aggarwal, alumni of the University of Mumbai.
CanisHub is a SAAS based Platform for Personalization & Marketing Automation with expertise in retention rate and conversion rate optimization utilizing diverse engagement channels.
Acquihiring enables the leading companies to evade the intensifying competition for securing skilled and in-demand talents. It is a well-recognized and broadly accepted industry fact that top tech talents are flooded with enticing offers and opportunities from rival firms.
All the major players in leading sectors like Technology, E-commerce, the Internet, and Retail are making the best possible efforts to acquire top-notch tech talents particularly in areas like AI, ML, and Analytics. The big corporations always find it lucrative to gain a team of talents with both good tech and entrepreneurial exposure.
The intrinsic value of an acquihire transaction is focused on the synergy of the Startup’s team and their combined innovation potential. The big company acquiring the Startup does not pay much attention to the latter’s services or products.
For several nascent Startups in the tech industry, their team and IP ownership rights constitute the core value. The Founders and the team are often brought on board by leading companies’ acquihiring the Startups.
Acquihiring has now emerged as a strategic and smart way of boosting the talent pool of the leading corporations. It is a swift and comparatively simple route to add specific skill sets and build a fully efficient team with all the ingredients matching the organizational goals.
ACQUIHIRE – optimizing prospects and results in Indian acquihiring ecosystem
Acquihire.in, an acquihiring practice of Talentiser has been facilitating accurate, strategically structured acquihiring transactions in the Indian Startups space minimizing various prospective challenges of the deals. Our industry expertise enables us to offer a unique value proposition to the human capital acquisition by our clientele.
We conduct thorough research and analysis of all the key aspects of an acquihiring deal to optimize the prospects and results for both the acquihiring and acquihired entities. Our attention to detail ensures that the acquihiring company is able to absorb the integrated talent of the Startup’s entire team that proves to be a major boost to its operational efficiency and productivity.
Tag: L&T, Lymbyc, CanisHub